The wage-price spiral : industrial country evidence and implications /

The wage-price spiral : industrial country evidence and implications /

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Bibliographic Details
Author / Creator:	Kandil, Magda, author.
Imprint:	Washington, D.C. : International Monetary Fund, ©2003.
Description:	1 online resource (36 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/03/164 IMF working paper ; WP/03/164.
Subject:	IMF Institute. IMF Institute. Prices -- Developed countries -- Effect of wages on -- Econometric models. Inflation (Finance) -- Developed countries -- Econometric models. Cost and standard of living -- Developed countries -- Econometric models. Demand (Economic theory) -- Econometric models. Cost and standard of living -- Econometric models. Demand (Economic theory) -- Econometric models. Inflation (Finance) -- Econometric models. Developed countries.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497708

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Other authors / contributors:	International Monetary Fund.
ISBN:	1451903219 9781451903218 1462339778 9781462339778 1452720932 9781452720937 1282110594 9781282110595 9786613803481 6613803480 9781451858013 1451858019
Notes:	Includes bibliographical references (pages 34-36). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation Using quarterly time-series data for a sample of twelve industrial countries, the paper investigates the dynamics of nominal wage and price adjustments in the face of aggregate demand shocks. the evidence illustrates patterns of the wage-price spiral and accompanying fluctuations. During economic expansions, the overlap of nominal adjustments in labor and product markets prolongs output expansion while maintaining or increasing the standard of living. In contrast, structural and institutional settings appear to have moderated the severity of the effects of contractionary demand shocks on real output growth and the standard of living in the variety of countries under investigation.
Other form:	Print version: Kandil, Magda. Wage-price spiral. Washington, D.C. : International Monetary Fund, ©2003
Standard no.:	10.5089/9781451903218.001